The main purpose of this study is to analyse the long-term relationship between economic growth and economic, social and political globalization in BRICS-T countries using panel data analysis methods for the period covering 1990-2014. According to the empirical results of the model established based on the Cobb-Douglas production function, it is seen that economic, social, political globalization and capital accumulation have a positive effect on economic growth. Dumitrescu-Hurlin Panel Granger Causality test results show that there is a two-way causality relationship between capital accumulation and political globalization and economic growth. It has also been found that one-way causality relationship towards economic growth from economic and social globalization.
Primary Language | English |
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Subjects | Economics |
Journal Section | Economics |
Authors | |
Publication Date | January 31, 2021 |
Submission Date | September 17, 2020 |
Acceptance Date | January 11, 2021 |
Published in Issue | Year 2021 Volume: 20 Issue: 1 |